In the present day real estate market, price, in money, is seen as the commonly assented expression
to indicate and compare land values – upon putting into consideration certain underlying variables that have
been characterised as land pricing influencing factors. From the point of view of two notable real estate market
players; estate surveyors and property developers, the study assessed the relative importance of the individual land
pricing influencing factors in Nigeria. Adopting structured questionnaire and semi-structured interview to sample
the opinion of selected Lagos-based estate surveyors and property developers, distinctive 43 influencing factors
further classified into eleven typical groups were identified and assessed, and the overall analysis indicated that
good (motorable) road, purchaser ability to pay, and prime location are the top-ranked influencing factors amongst
other determinants influencing land price in Nigeria, while size, buyer’s preference and accessibility are the first
three highest ranked group factors in the eleven categorised group factors.
Adetokunboh, Olaseni O., Samson E. Agbato, and Abiodun K. Sodiya. "LAND PRICING INFLUENCING FACTORS: PERCEPTION OF ESTATE SURVEYORS & PROPERTY DEVELOPERS." In 17th Annual African Real Estate Society Conference. AfRES. Johannesburg, South Africa: African Real Estate Society, 2017.